Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity market benchmarks BSE Sensex and Nifty 50 settled over two per cent higher on Wednesday led by gains in Reliance Industries (RIL), HDFC, HDFC Bank and Larsen & Toubro (LT). The 30-share Sensex jumped 622 points or 2.06 per cent to 30,818.61, while the broader Nifty 50 index surged 187 points or 2.11 per cent to close the session at 9,066. HDFC shares led the rally on BSE Sensex with a surge of 5.74 per cent, which was followed by M&M and LT, up 5.48 per cent and 5.22 per cent, respectively. As many as 26 stocks out of 30 Sensex scrips finished their trade in positive territory. On the flip side, just four stocks ended in red. IndusInd Bank was the top Sensex laggard, down 2.85 per cent. Hero MotoCorp, Bharti Airtel and Asian Paints. During intraday trade, Bharti Airtel shares hit 52-week highs on NSE. All 11 sectoral indices ended the session with upticks. Nifty Pharma index was the top gainer which advanced 372 points or 4.10 per cent led by Aurobindo Pharma, Dr Reddy’s Laboratories and Cipla.
Mukesh Ambani led Reliance Industries Ltd (RIL) opened India’s biggest-ever rights issue today. The company returns to the public for raising funds after a gap of three decades. RIL’s Rs 53,125 crore rights issue will close on June 3 with the shares of the company being offered at Rs 1,257 per share, a 14.8% discount from the current market price.